The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1887-06-16

Business 9eFaOualy Impeded by the
Eastern labor Troubles.
New YORK, june 10.-R. &. Dun g
Co.'s weekly review Of trade says but
for the labor contests and excessive
speculation the outlook would be en-
tirely satisfactory. Crop prospects and
the financial situation have both inn
proved during the past week; but the
effect of important strikes is felt more
seriously every week. How great the
disturbance of trade and production
which may result from a single strike
is forcibly illustrated by the returns of
the iron furnaces, the Iron Age making
the weekly output June l. about 81 ,675
tons, or q per cent less than May,
warded by our correspondent make the
decrease 81, $50 tons. Either statement
represents remarkable decline in the
output, ranging $500 600 to $3.50 900 in
value of the weekly production, and to
this must be added the decrease in
many important branches of manufac-
ture which depend for material upon
the furnaces now idle. In spite of the
great decline in production prices of
iron have been weaker during the past
week, heavy sales of Southern iron
having been made in Eastern markets.
The stove business reEives, the lockout
of moulderS having terminated, but
the nail market is demoralized by over
production. The demand for bar-iron
is better, but prices are depressed by
Western competition, and the Offering
of foreign rails at low figures checks
the demand near the SeRportS.
Wheat speculation seems weaker,
though prices, after rising to nearly 81
for y rod houn NOT nnitn Haalinn6 fn
last weeks level. Crop reports from all
directions are favorable and the &C
emulation of 2, 800 cars about Chicago
still loaded because wheat room is
scarce in elevators gives point to the
observation that great quantity of
wheat seems still to be left in first
hands; but exports this month bid fair
to fall below those of last june. In
that case the surplus to be carried over
July 1st will probably exceed 49 600 900
bushels in addition to the minimum
always held. Chicago exchange on
New York, still 40 to so cents discount,
shows that spectators are preventing
the natural movement of money east
ward at this season.
Money is reported in good supply at
all points and collections everywhere,
good or fair, with improvements IN
some localities.
SOuLnOrn reports SHOW d HdGlITdI UulI-
ness in trade but confldeP &c in an early
and prosperous fall business.
From the Northwestern points great
activity is everywhere reported, with
especial mention of the stimulating in
fuence of rapid railway building.
The stock market has shown weak
ness, but not the appearance of general
liquidation and reported gains in rail-
road earnings, averaging over Is per
cent for May thus far, sustain the con-
fidence of holders. A fall in foreign
exchange, notwithstanding the decline
in merchandise exports, indicates con-
tinued investment of foreign capital in
this country.
The business failures for the last
seven days number, for the United
States 14O; for Canada, SO. Total, 173;
against $50 last week and 209 for the.
corresponding week last year. In the
Eastern and Middle States the failures
are exceptionally light. In the other
sections about the average number are
but in Canada there is a con-
siderable increase, arising mostly in
the maritime provinces.